Nordex Group has marked a significant strategic milestone by securing its first entry into Montenegro’s wind energy market through a major turbine supply contract. The agreement with Montenegro’s power utility company involves delivering eight N163/6.X turbines for the 55-MW Gvozd wind farm near Nikšic. Once completed, this project will represent over 30% of the country’s installed wind power capacity. The turbines, set to operate at 7 MW nominal capacity, will be mounted on 113-meter steel tube towers, demonstrating Nordex’s commitment to expanding its market presence in southeastern Europe.
Financial Performance Indicators
Despite this positive development, Nordex’s stock recently experienced a notable decline, dropping 3.5% to €11.30 in XETRA trading. However, the company’s fundamental performance shows promising signs, with earnings per share improving to €0.02, a significant recovery from the previous year’s -€0.15. Analysts maintain an optimistic outlook, setting an average price target of €18.13, substantially above current trading levels. Looking ahead, experts project earnings per share to reach €0.049 for 2024, suggesting continued growth potential despite current market fluctuations.
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Nordex Stock: New Analysis – 12 December
Fresh Nordex information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.
Read our updated Nordex analysis…
Nordex Group has marked a significant strategic milestone by securing its first entry into Montenegro’s wind energy market through a major turbine supply contract. The agreement with Montenegro’s power utility company involves delivering eight N163/6.X turbines for the 55-MW Gvozd wind farm near Nikšic. Once completed, this project will represent over 30% of the country’s installed wind power capacity. The turbines, set to operate at 7 MW nominal capacity, will be mounted on 113-meter steel tube towers, demonstrating Nordex’s commitment to expanding its market presence in southeastern Europe.
Financial Performance Indicators
Despite this positive development, Nordex’s stock recently experienced a notable decline, dropping 3.5% to €11.30 in XETRA trading. However, the company’s fundamental performance shows promising signs, with earnings per share improving to €0.02, a significant recovery from the previous year’s -€0.15. Analysts maintain an optimistic outlook, setting an average price target of €18.13, substantially above current trading levels. Looking ahead, experts project earnings per share to reach €0.049 for 2024, suggesting continued growth potential despite current market fluctuations.
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Fresh Nordex information released. What’s the impact for investors? Our latest independent report examines recent figures and market trends.